Methode Electronics (NYSE:MEI) Upgraded to Buy at Wall Street Zen

Posted by Geri Gentry on Jul 26th, 2026

Wall Street Zen upgraded shares of Methode Electronics (NYSE:MEI – Free Report) from a hold rating to a buy rating in a research note released on Saturday morning.

Several other research analysts have also weighed in on the company. Barrington Research raised Methode Electronics from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Monday, June 29th. Sidoti restated a “neutral” rating and set a $17.00 target price on shares of Methode Electronics in a research report on Friday, June 26th. Zacks Research cut Methode Electronics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Methode Electronics in a report on Friday, July 17th. Finally, Robert W. Baird boosted their price target on Methode Electronics from $8.50 to $16.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $19.33.

Read Our Latest Research Report on Methode Electronics

Methode Electronics Trading Down 4.3%

NYSE:MEI opened at $15.34 on Friday. Methode Electronics has a 52 week low of $4.88 and a 52 week high of $20.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.37. The firm’s fifty day moving average is $13.89 and its 200-day moving average is $9.77. The firm has a market cap of $544.11 million, a P/E ratio of -15.19 and a beta of 1.47.

Methode Electronics (NYSE:MEI – Get Free Report) last announced its earnings results on Wednesday, June 24th. The electronics maker reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.19). The firm had revenue of $298.10 million for the quarter, compared to the consensus estimate of $238.46 million. Methode Electronics had a negative return on equity of 5.59% and a negative net margin of 3.50%. Equities analysts expect that Methode Electronics will post -0.95 earnings per share for the current year.

Methode Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $0.05 dividend. The ex-dividend date is Friday, July 17th. This represents a $0.20 annualized dividend and a yield of 1.3%. Methode Electronics’s dividend payout ratio is presently -19.80%.

Institutional Investors Weigh In On Methode Electronics

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in shares of Methode Electronics by 8.3% during the first quarter. Empowered Funds LLC now owns 127,268 shares of the electronics maker’s stock worth $812,000 after purchasing an additional 9,787 shares during the period. Strs Ohio bought a new position in shares of Methode Electronics in the 1st quarter worth $133,000. JPMorgan Chase & Co. grew its position in Methode Electronics by 10.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 191,757 shares of the electronics maker’s stock valued at $1,824,000 after purchasing an additional 17,418 shares during the period. Franklin Resources Inc. acquired a new stake in Methode Electronics in the 2nd quarter valued at $234,000. Finally, XTX Topco Ltd bought a new stake in Methode Electronics during the 2nd quarter valued at $107,000. Institutional investors and hedge funds own 95.49% of the company’s stock.

About Methode Electronics

(Get Free Report)

Methode Electronics, Inc is a Chicago-based global manufacturer of custom-engineered electronic and electromechanical components and assemblies. Founded in 1946, Methode specializes in providing solutions that integrate electrical connectors, sensors, switches, human-machine interface devices and power distribution modules. The company’s product portfolio addresses complex application requirements across a broad range of end markets, including automotive, industrial, energy, healthcare and data/telecommunications.

In its automotive segment, Methode develops advanced connector systems, circuit protection devices and thermal management solutions for internal combustion, hybrid and electric vehicles.